Tata Textile Mills Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Sales for the period increased by percent in the outgoing year, whereas the company reported profits after suffering losses last year.
The board did not recommend any Cash Dividend, no bonus or right shares.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Year Ended
Key Financials
2017
2016
% Change
Amounts in PKR
Net Sales
5,014,434,040
4,906,547,408
2.20%
Cost of Goods Sold
4,673,997,854
4,678,633,526
-0.10%
Gross Profit
340,436,186
227,913,882
49.37%
Dist: Cost
86,156,501
129,698,805
-33.57%
Admin Expenses
124,327,427
139,657,268
-10.98%
Other operating expenses
9,733,067
16,988,302
-42.71%
Finance Cost
101,390,535
107,721,514
-5.88%
Other Income
64,869,748
5,786,560
1021.04%
Profit/Loss before Taxation
83,698,404
(160,365,447)
Taxation
41,329,606
34,051,524
21.37%
Profit/Loss after Taxation
42,368,798
(194,416,971)
EPS – Basic & diluted
2.45
(11.22)
Company release on Earnings Report can be accessed here.
